What is MACRA?
The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) changes some of the Medicare supplement plans people newly-eligible to Medicare can purchase. Newly-eligible are individuals who become eligible for Medicare on or after January 1, 2020. The rule states that as of January 1, 2020, newly-eligible beneficiaries will not be able to purchase Medicare supplement plans that cover the Part B deductible. These are Medicare Supplement plans C, F, and High-Deductible F.
How does MACRA affect you?
|If you’re Medicare-eligible before January 1, 2020||If you’re eligible for Medicare on or after January 1, 2020|
|Your plan options covering the Part B deductible don’t change. That is, Medicare supplement Plans C, F and High-Deductible F will still be available to you where offered.
If you currently have a Medicare supplement insurance plan:
|When you select Original Medicare for your health care coverage, you’ll be able to choose from many Medicare supplements plans available where offered. Benefits will vary, but no plan will cover the Medicare Part B calendar-year deductible ($198 in 2020).|
If you have more questions, check out our detailed blog MACRA Explained https://hovisandassociates.com/macra-explained/ or call Hovis & Associates at (888) 613-6196.